Caught in the middle between the US and China.

From Marketplace, I'm Sabrie Ben ashore in for David Brancaccio.

T.S. M. The world's biggest semiconductor manufacturer has seen a surgeon sales but its stock, like many

chip-related stocks, has taken a hit. It fell 8% yesterday. That followed news the U.S. might

further curb exports to China and comments by Donald Trump

that T.S. M. C.'s home-based Taiwan would need to start paying for its own

defense. The BBC's Nick Marsh has more. Really, really strong numbers from T.S.M.C.

Around $20 billion for the second quarter,

which is a 40% increase in revenue compared to the year before.

In the same breath, where I say business is booming in the world of chipmaking.

It's also very volatile.

Countries around the world are so keen to secure their supplies, limit the supplies of their

rivals and that's exactly what's going on right now.

It was the reports that President Biden's administration is moving to further restrict the exports

of key bits of technology to China when it comes to their chip-making ability.

That's what sent the chip stocks tumbling down around 500 billion dollars was wiped off in value in the

worst trading session for

chips since 2020 and then those comments from Donald Trump all of a sudden you've

got people thinking well what does a Trump presidency mean for Taiwan and for

T.S. M. C. S. M. C. S. M. C. S. S. S. S. and for chips in Asia. T.S. M.

shares down 2.5% on a day when they're reporting a revenue of 20 billion

dollars in a quarter.

...